Shibuya (6340) Q4 2024 earnings summary

Executive summary

• Net sales for the fiscal year ended June 30, 2024, rose 18.0% year-over-year to ¥115,434 million, with operating profit up 66.5% to ¥13,382 million and profit attributable to owners of parent up 65.0% to ¥9,781 million.

• Comprehensive income increased to ¥12,786 million from ¥6,692 million year-over-year, reflecting strong operational and financial performance.

Financial highlights

• Gross profit increased from ¥18,201 million to ¥24,077 million year-over-year, while operating profit margin improved to 11.6%.

• Ordinary profit rose 65.9% to ¥13,559 million, and EPS increased to ¥353.54 from ¥214.29 year-over-year.

• Total assets grew to ¥161,903 million from ¥142,426 million, and net assets increased to ¥101,029 million.

• Cash and cash equivalents at period end were ¥46,894 million, up from ¥42,660 million.

Outlook and guidance

• For the fiscal year ending June 30, 2025, net sales are forecast at ¥127,000 million (+10.0% year-over-year), with operating profit of ¥12,600 million (–5.8%), ordinary profit of ¥12,800 million (–5.6%), and profit attributable to owners of parent of ¥9,200 million (–5.9%).

• Dividend forecast for FY2025 is ¥90.00 per share, unchanged from FY2024.